The Ultimate Guide on the Targeted EIDL Grants

As you may already know, the US government approved a number of loans and grants to help out small businesses. We already did a guide on the Paycheck Protection Program and this week we’ll be looking at the Economic Injury Disaster Loan (EIDL) Grants

What are Targeted EIDL Grants?

The EIDL program was launched in early 2020 and under that program, small businesses could get a disaster loan and a grant up to $10,000 based on employee count. Now the SBA has rolled out the targeted EIDL Grants giving prior applicants the ability to receive the full $10,000 grant or the balance thereof. This program was launched in Feb. 2021 with $20 billion under the Consolidated Appropriations Act of 2020. It was then expanded under the American Rescue Plan Act of 2021 with $15 billion added. Applicants can qualify for $10,000 grant and $5,000 supplemental grants.

Find out more about the EIDL $1000 grant and $5000 supplemental grants by watching our YouTube video.


How do I Know If I Qualify for the EIDL Grant?

According to SCORE, only people who have applied to the EIDL program on or before December 27, 2020 and meet the requirements below will qualify for the Targeted EIDL advance (grant). Here are the other lists of requirements according to the CARES act, you must be:

  • A small business, cooperative, ESOP Tribal concern

  • An individual who operates under as a sole proprietorship, with or without employees, or as an independent contractor; or

  • A private non-profit

  • The business must have been in operation by January 31, 2020

  • The business must be directly affected by COVID-19

There are even more things to consider for this grant. According to SCORE these are:

  • Be located in a low-income community.

If you’re unsure about whether or not your business is in a low-income community, then you can use this tool from the Small Business Administration (SBA).


According to Section 45D(e) of the Internal Revenue Code of 7 1986, “The term “low-income community” means any population census tract if the poverty rate for such tract is at least 20 percent, or in the case of a tract not located within a metropolitan area, the median family income for such tract does not exceed 80 percent of statewide median family income, or in the case of a tract located within a metropolitan area, the median family income for such tract does not exceed 80 percent of the greater of statewide median family income or the metropolitan area median family income.”


  • Have suffered an economic loss greater than 30%

You will have to prove that you suffered an economic loss which is why proper bookkeeping is so important. The SBA says that there has to be an economic loss greater than 30% during an eight-week period starting March 2nd or later. Their website says you’ll need to “provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.”


  • Employ not more than 300 employees

In case you were wondering yes solopreneurs are eligible for this grant.


What can I use the EIDL Grants for?

According to NAV, this is what you are able to use the EIDL grants for:

  • Sick leave for employees who can’t work due to covid-19

  • Satisfy payroll requirements

  • Buy materials that have increased in cost

  • Paying rent or mortgage

  • Repayment of other obligations that are unable to be paid due to loss in revenue

NAV also stated what the funds can’t be used for:

  • Replace lost sales or profits

  • For expansion

  • Paying off long term debt


We’d just like to make it clear that you can only use this money for business purposes.

How to Apply for EIDL Grants

If that sounds good, you may be wondering how you should apply. According to the SBA, they will reach out to you if you qualify. These grants are for people who have applied to EIDL before. The SBA says, “Advance funds of up to $10,000 will be available to applicants in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.”


You can watch our video for more help with the application process.




The SBA will be reaching out in order to get certain documentation and ask questions. Remember to check your spam folder in case their emails end up there. Remember, there are people pretending to be from SBA, their official email ends with @sba.gov.



Watch our video here where we discuss the grant approval email from SBA.




You can still apply for the EIDL, the loan amount has been recently increased. The application period ends December 31, 2021, and as long as there is money available and you’re qualified you’ll be considered. However, you won’t necessarily be considered for the EIDL Grant.


Strapped for cash in your business? Remember there are other Federal stimulus programs, state grants, national grants, and international grants your business can apply for. Chances are you’re not the only person applying to these grants and so you’ll definitely need to stand out. There is absolutely no reason that you’re not getting free money for your business. It can make so much difference for you. You can finally hire someone to update your website. You could hire someone to manage your social media while you work on your business. You can use that money to do so much for your business. We definitely know the winning formula to get grants and we want to share it with you. Check out The Winning Grant Application Cheat Sheet & Checklist and Win Grants With Ease Masterclass Bundle.